Financial services

BNP Paribas chooses Linedata’s Master I solution

29 February 2008

Linedata Services has signed a contract with BNP Paribas Assurance, the fourth-leading life insurer in France, for the management of its life insurance contracts in France.

Linedata Services’ Master I software package will manage all of BNP Paribas’ multi-support life insurance contracts, which currently number approximately 2.5 million.

Master I is a software series designed to insure complete coverage of groups of ‘Life’ products and integrates all stages of the contract workflow, from signing through to closure.

“We would like to continue to be at the forefront of an ever growing and increasingly competitive market,” said Jean Bego, deputy general manager of operations and information systems at BNP Paribas. “Master I, a reliable and robust tool, will enable us to further improve our reactivity and ability to translate an innovative life insurance sector approach operationally.”

Anvaraly Jiva, Linedata CEO and chairman of the executive board, said: “This contract demonstrates our ability to grow with and support the development of life insurance leaders in France. Our ambition to reach number one quickly in the market in this industry is strong.”